SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
AMENDMENT NO. 1 TO
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: November 12, 1997, as amended November 17, 1997
(Date of earliest event reported): (November 3, 1997)
USCI, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-22282 13-3702647
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
6115-A Jimmy Carter Blvd., Norcross, Georgia 30071
(Address of principal executive offices) (Zip Code)
(770) 840-8888
(Registrant's telephone number including area code)
(Former name or former address if changed since last report)
<PAGE>
<PAGE>
Item 5. Other Events
The Registrant hereby incorporates by reference the press release issued on
November 3, 1997, which is attached hereto as Exhibit 99.1.
Item 7(c). Exhibits
Exhibit 99.1 Press release of registrant dated November 3, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
USCI, Inc.
(Registrant)
By /s/ Robert J. Kostrinsky
Robert J. Kostrinsky
Executive Vice President
November 17, 1997
EXHIBIT 99.1
Contact: USCI, Inc. or Allen & Caron Inc.
Basil H. Ford, Vice President Kent Broussard (investors)
Corporate Development & Karl Rinkeviczie (media)
Investor Relations (714) 252-8440
(770) 613-8235
USCI, INC. TO RAISE PRIVATE EQUITY FINANCING
NORCROSS, GA (November 3, 1997) USCI, Inc. (Nasdaq NM: USCM) announced today
that it has retained a major New York investment bank to act as agent with
respect to a proposed private placement of $15 to $25 million of convertible
preferred securities. USCI plans to utilize the net proceeds generated from
the sale of the private equity primarily to fund the acquisition of additional
subscribers and to replace up to $3.75 million in interim letter of credit
financing being provided by the investment bank.
The securities offered will not be registered under the Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration of an applicable exemption from registration requirements.
USCI, through its wholly owned subsidiaries, is a non-facilities based carrier
providing multiple wireless services through mass market distribution
channels. Its subsidiaries provide cellular, paging and debit cellular
services to mass market consumers under the Ameritel brand name.
